Invoicing a Take-On Policy

Taking on a policy is adding a policy that is not "new business" to your system. You might "take on" a policy from your previous system or a new book of business. Invoicing a take-on policy is very similar to invoicing a renewal.

If you have previously billed your client for a take-on policy, you may not need to take any further invoicing action. If you previously billed the policy, but still have to bill future installments, please see Take-Ons and Installment Billing.

Prerequisite

Before you can invoice a take-on policy, you must enter the policy on your system.

Take-Ons and Installment Billing

Do not enter any previously-invoiced amounts on your system. If you do, you might inadvertently "double bill" a client. If you are invoicing a policy on installments, enter the total dollar amount of unbilled installments in the Transaction Amount field on the Invoices to Clients Page - Data tab.

Then, add an installment plan that creates future installments for the correct invoice dates and amounts. You may need to use a different installment plan or create a plan that meets your specific needs.

To invoice a take-on policy

This procedure begins at the Policy Detail Page.

1. Click Invoice. The Invoices to Clients Page - Data Tab appears.
2. Complete the required Data tab. Refer to Invoices to Clients Page - Data Tab if you need additional help.
3. Enter data on the Multi or Installment tabs, as appropriate.
4. Access, review, and if needed, revise the Invoice tab on the Invoices to Clients page.
5. After you verify that all information on the invoice is correct, click Save.

The Print Options bar appears for agency billed invoices. Refer to the Print Options bar topic for additional information. When the invoice process is complete, you return to the Policy Invoice page.